H. Paulin & Co., limited financial results for period ending December 31,
2009

TORONTO, March 29 /CNW/ - At the H. PAULIN & CO., LIMITED Board of Directors meeting held March 29, 2010, the following financial results for the fourth quarter ended December 31st, 2009 were released. Shown are 2008 comparisons.

    
                     FOURTH QUARTER ENDED DECEMBER 31ST
                     ----------------------------------

                                            2009              2008*
                                            ----              -------
    Net Sales                       $ 28,683,000        $ 29,419,000
    Net Income (Loss) Before Taxes  $    141,000        $ (3,346,000)
    Net Income (Loss)               $    320,000        $ (2,605,000)
    Income (Loss) per share         $       0.10        $      (0.80)

    The following results are for the Year Ended December 31st, 2009. Shown
    are 2008 comparisons.

                      TWELVE MONTHS ENDED DECEMBER 31ST
                      ---------------------------------

                                            2009              2008*
                                            ----              -------
    Net Sales                      $ 123,282,000       $ 138,138,000
    Net Income (Loss) Before Taxes $   2,860,000       $    (523,000)
    Net Income (Loss)              $   2,419,000       $    (729,000)
    Income (Loss) per share        $        0.74       $       (0.22)

    * 2008 results included unusual charges of $3.1 million recorded in the
        fourth quarter, primarily related to asset impairment and severance.

    H. Paulin & Co., Limited is a leading Canadian manufacturer and
merchandiser of bolts, nuts, screws and fluid system components for the retail
hardware, industrial and automotive markets.

    H. PAULIN & CO., LIMITED

    "Murray Mateyk"
    --------------------
    Murray Mateyk, Chief Financial Officer
    

SOURCE H. Paulin & Co. Limited

For further information: For further information: H. Paulin & Co. Limited, 55 Milne Avenue, Toronto, Ontario, Canada, M1L 4N3, Telephone (416) 694-3351, Fax (416) 694-1869, Toll Free 1-800-268-4000, E-mail paulin@hpaulin.com

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H. Paulin & Co. Limited

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